XML 39 R15.htm IDEA: XBRL DOCUMENT
v3.24.3

Non-financial assets and liabilities | 12 Months Ended
--- | ---
Jun. 30, 2024
Non-financial assets and liabilities [Abstract] |
Non-financial assets and liabilities | Note 9. Non-financial assets and liabilities (a) Property, plant and equipment
|  | Plant and equipment $ |  |  | Furniture, fittings and equipment $ |  |  | Right-of-use assets $ |  |  | Total $ |
At 30 June 2022 |  |  |  |  |  |  |  |  |  |  |  |
Cost or fair value |  |  | 364,856 |  |  |  | 35,042 |  |  |  | 229,031 |  |  |  | 628,929 |
Accumulated depreciation |  |  | (345,343 | ) |  |  | (34,905 | ) |  |  | (21,945 | ) |  |  | (402,193 | )
Net book amount |  |  | 19,513 |  |  |  | 137 |  |  |  | 207,086 |  |  |  | 226,736 |
Year ended 30 June 2023 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Opening net book amount |  |  | 19,513 |  |  |  | 137 |  |  |  | 207,086 |  |  |  | 226,736 |
Additions |  |  | 7,067 |  |  |  | 672 |  |  |  | 14,320 |  |  |  | 22,059 |
Depreciation charge |  |  | (7,203 | ) |  |  | (131 | ) |  |  | (41,328 | ) |  |  | (48,662 | )
Closing net book amount |  |  | 19,377 |  |  |  | 678 |  |  |  | 180,078 |  |  |  | 200,133 |
At 30 June 2023 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Cost or fair value |  |  | 371,923 |  |  |  | 35,714 |  |  |  | 243,351 |  |  |  | 650,988 |
Accumulated depreciation |  |  | (352,546 | ) |  |  | (35,036 | ) |  |  | (63,273 | ) |  |  | (450,855 | )
Net book amount |  |  | 19,377 |  |  |  | 678 |  |  |  | 180,078 |  |  |  | 200,133 |
Year ended 30 June 2024 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Opening net book amount |  |  | 19,377 |  |  |  | 678 |  |  |  | 180,078 |  |  |  | 200,133 |
Additions |  |  | 195 |  |  |  | - |  |  |  | - |  |  |  | 195 |
Depreciation charge |  |  | (5,576 | ) |  |  | (339 | ) |  |  | (40,066 | ) |  |  | (45,981 | )
Closing net book amount |  |  | 13,996 |  |  |  | 339 |  |  |  | 140,012 |  |  |  | 154,347 |
At 30 June 2024 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Cost or fair value |  |  | 372,118 |  |  |  | 35,714 |  |  |  | 243,351 |  |  |  | 651,183 |
Accumulated depreciation |  |  | (358,122 | ) |  |  | (35,375 | ) |  |  | (103,339 | ) |  |  | (496,836 | )
Net book amount |  |  | 13,996 |  |  |  | 339 |  |  |  | 140,012 |  |  |  | 154,347 |
(b) Inventories
|  | 30 June 2024 |  |  | 30 June 2023 |
|  | Current A$ |  |  | Non- current A$ |  |  | Total A$ |  |  | Current A$ |  |  | Non- current A$ |  |  | Total A$ |
Raw materials and stores (Colostrum) |  |  | 139,745 |  |  |  | 669,285 |  |  |  | 809,030 |  |  |  | - |  |  |  | 1,108,256 |  |  |  | 1,108,256 |
Work in progress |  |  | 683,850 |  |  |  |  |  |  |  | 683,850 |  |  |  | 444,905 |  |  |  | 111,390 |  |  |  | 556,295 |
Finished goods (Travelan and Protectyn) |  |  | 610,020 |  |  |  | - |  |  |  | 610,020 |  |  |  | 394,381 |  |  |  | - |  |  |  | 394,381 |
Other inventories |  |  | 150,993 |  |  |  | - |  |  |  | 150,993 |  |  |  | 682 |  |  |  | - |  |  |  | 682 |
|  |  | 1,584,608 |  |  |  | 669,285 |  |  |  | 2,253,893 |  |  |  | 839,968 |  |  |  | 1,219,646 |  |  |  | 2,059,614 |
(i) Impairment of inventories The provision for impairment of inventories assessment requires a degree of estimation and judgement. The level of the provision is assessed by taking into account the recent sales experience, the ageing of inventory, and in particular, the shelf life of inventories that affects obsolescence. Expected shelf-life is reassessed on a regular basis with reference to stability tests which are conducted by an expert engaged by the Company. A comprehensive stability study was completed in August 2020 and the reported findings support a shelf life of at least 130 months for the colostrum drug substance. There were no short-dated finished goods as at 30 June 2024, resulting in no provision for finished goods as at 30 June 2024 (30 June 2023: nil). (c) Employee benefit obligations
|  | 2024 |  |  | 2023 |
|  | Current $ |  |  | Non- current $ |  |  | Total $ |  |  | Current $ |  |  | Non- current $ |  |  | Total $ |
Leave obligations (i) |  |  | 265,952 |  |  |  | 8,605 |  |  |  | 274,557 |  |  |  | 237,328 |  |  |  | 1,882 |  |  |  | 239,210 |
Performance bonus |  |  | 256,619 |  |  |  | - |  |  |  | 256,619 |  |  |  | 52,080 |  |  |  | - |  |  |  | 52,080 |
|  |  | 522,571 |  |  |  | 8,605 |  |  |  | 531,176 |  |  |  | 289,408 |  |  |  | 1,882 |  |  |  | 291,290 |
The current portion of this liability includes all of the accrued annual leave, the unconditional entitlements to long service leave where employees have completed the required period of service and also for those employees that are entitled to pro-rata payments in certain circumstances. Total leave provision of $265,952 (2023: $237,328) is presented as current, since the group does not have an unconditional right to defer settlement for any of these obligations. However, based on past experience, the group does not expect all employees to take the full amount of accrued leave or require payment within the next 12 months. (d) Leases
(i) | Amounts recognized in the balance sheet
The balance sheet shows the following amounts relating to leases:
|  | 30 June 2024 A$ |  |  | 30 June 2023 A$ |
Right-of-use assets1 |  |  |  |  |  |
Properties |  |  | 140,012 |  |  |  | 180,078 |
|  |  | 140,012 |  |  |  | 180,078 |
Lease liabilities2 |  |  |  |  |  |  |  |
Current |  |  | 40,556 |  |  |  | 38,767 |
Non-current |  |  | 132,941 |  |  |  | 150,325 |
|  |  | 173,497 |  |  |  | 189,092 |
1. | Included in the line item ‘property, plant and equipment’ in the consolidated balance sheet.
2. | Included in the line items ‘other current liabilities’ and ‘other non-current liabilities’ in the consolidated balance sheet.
(ii) | Amounts recognized in the statement of profit or loss
The statement of profit or loss shows the following amounts relating to leases:
|  | 2024 A$ |  |  | 2023 A$ |
Depreciation charge of right-of-use assets |  |  |  |  |  |
Properties |  |  | 40,066 |  |  |  | 41,328 |
|  |  | 40,066 |  |  |  | 41,328 |
Interest expense (included in finance cost) |  |  | 7,576 |  |  |  | 9,652 |
Expense relating to short-term leases (included in other expenses) |  |  | - |  |  |  | - |
Expense relating to leases of low-value assets that are not short-term leases (included in other expenses) |  |  | - |  |  |  | - |
Expense relating to variable lease payments not included in lease liabilities (included in other expenses) |  |  | - |  |  |  | - |
Cash paid for principal payments |  |  | 47,293 |  |  |  | 35,015 |
The total finance cash outflow for leases in 2024 was $7,576. The total finance cash outflow for leases in 2023 was $9,652.
(iii) | The group’s leasing activities and how these are accounted for
In November 2021, the group entered into a three-year commercial lease modification for office facilities in Blackburn North. This lease modification is effective from 1 January 2022 and includes an extension option for a further 3 years by written request to the landlord before 31 December 2024. There is no variability and no covenants included in the lease.

X
- Definition The disclosure of the offsetting of financial assets and financial liabilities. [Refer: Financial assets; Financial liabilities] + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Name IFRS -Number 7 -IssueDate 2024-01-01 -Section Offsetting financial assets and financial liabilities -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&num=7&code=ifrs-tx-2024-en-r&doctype=Standard&dita_xref=IFRS07_g13A-13F_TI -URIDate 2024-03-27 + Details
Name: | ifrs-full_DisclosureOfOffsettingOfFinancialAssetsAndFinancialLiabilitiesExplanatory
Namespace Prefix: | ifrs-full_
Data Type: | dtr-2022:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | imrn_NonfinancialAssetsAndLiabilitiesAbstract
Namespace Prefix: | imrn_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration